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US could hit debt ceiling by July: Bessent
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Bessent urges Congress to act on debt limit by mid-July ... Read More
Treasury secretary calls on Congress to raise or suspend the debt ceiling by mid-July
WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned Friday. He is calling on Congress ... Read More
What Is the Debt Ceiling and Why Does It Matter?

Long an anachronism of American politics, the debt ceiling ... not paying its bills and the creditworthiness of the U.S. being called into question is unnerving to financial markets. In 2011, the ... Read More
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